Toronto Dominion Bank lessened its stake in shares of Wells Fargo & Co (NYSE:WFC) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,516,123 shares of the financial services provider’s stock after selling 360,464 shares during the period. Toronto Dominion Bank owned 0.07% of Wells Fargo & Co worth $162,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Wells Fargo & Co by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,628,723 shares of the financial services provider’s stock valued at $768,886,000 after buying an additional 188,734 shares in the last quarter. Findlay Park Partners LLP grew its holdings in Wells Fargo & Co by 13.0% in the 3rd quarter. Findlay Park Partners LLP now owns 6,018,700 shares of the financial services provider’s stock valued at $316,343,000 after buying an additional 694,366 shares in the last quarter. Sather Financial Group Inc grew its holdings in Wells Fargo & Co by 14.0% in the 3rd quarter. Sather Financial Group Inc now owns 201,309 shares of the financial services provider’s stock valued at $10,580,000 after buying an additional 24,794 shares in the last quarter. Lee Financial Co grew its holdings in Wells Fargo & Co by 433.4% in the 3rd quarter. Lee Financial Co now owns 2,507 shares of the financial services provider’s stock valued at $132,000 after buying an additional 2,037 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in Wells Fargo & Co by 2.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,484,633 shares of the financial services provider’s stock valued at $78,032,000 after buying an additional 39,124 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research lowered Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Credit Suisse Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Wells Fargo & Co in a report on Friday, January 11th. ValuEngine lowered Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Wolfe Research lowered Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Wells Fargo & Co in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Wells Fargo & Co has an average rating of “Hold” and a consensus price target of $61.33.

WFC opened at $50.66 on Friday. The firm has a market cap of $242.18 billion, a PE ratio of 11.57, a P/E/G ratio of 0.90 and a beta of 1.12. Wells Fargo & Co has a 52-week low of $43.02 and a 52-week high of $59.53. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32.

Wells Fargo & Co (NYSE:WFC) last released its earnings results on Tuesday, January 15th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.04. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.80 billion. Wells Fargo & Co had a return on equity of 13.34% and a net margin of 22.95%. Wells Fargo & Co’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS. Equities analysts forecast that Wells Fargo & Co will post 4.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 1st were issued a dividend of $0.45 per share. This is a positive change from Wells Fargo & Co’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, January 31st. Wells Fargo & Co’s dividend payout ratio is 41.10%.

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About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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